Spanish “Solidarity Tax”
February 27, 2023
In the last quarter of 2022, the Spanish Central Government introduced the so-called Solidarity tax, which “mirrors” in essence the long-standing Wealth tax. Under this new tax, it has been decided that no regional tax credits or exemptions would apply, which implies that, for example, residents in Madrid or Andalucía may be severely impacted. Indeed, […]
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Dismemberment of ownership and life assurance – new opportunities?
November 18, 2022
The dismemberment of ownership of proprietary rights is without doubt an essential estate planning technique. In Belgium, the principle is simple: full ownership of an item of heritage is understood as “full powers” over that asset, i.e. the right to both enjoy it and receive the fruits thereof and dispose of it (gift, alienation, […]
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Planning the transmission while protecting your spouse – French tax residents
August 18, 2022
To protect each other while planning to pass their wealth to their children ultimately, married couples often look at subscribing a joint-life policy with termination at second death. This type of subscription requires that property invested is joint property. In France, the property of the assets and their qualification as joint property depends on the […]
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